You can read the full article here, but we'll highlight some parts below:
“Through continued work with our new financial advisor and financial modeling consultant, we are happy to report that in the ‘base case,’ the (light-rail project) debt can be restructured to allow for construction without the need for new local funds,” project manager Danny Rogers said in an email. “The ‘base case’ is a scenario in which the financial growth assumptions and cost estimates are as expected.”
- "without the need for new local funds"
"GoTriangle’s plan also includes an optional $65 million local cost for development projects around the stations. Chapel Hill, Orange County, Durham and Durham County all have “expressed interest in pledging local dollars” for joint development projects, such as affordable housing, the financial plan states."
- "optional $65 million"
"The plan also includes an optional $236 million in financing that could help manage the project’s cash flow until state and federal money kick in."
- "optional $236 million"
"Still some questions